Commercial Data

Tax

NO Corporate Tax
NO Personal Income Tax
NO Inheritance Tax
NO Business Inventory Tax
NO Personal Property Tax
State Sales Tax: 4%
Local Sales Tax: 2%
Businesses located outside city limits are responsible for only the 4% State Sales Tax

Labor Force & Labor Supply

Labor Force in Bon Homme County: 3270
Number of Employed Individuals: 3195
Unemployment Rate: 2.3%
Labor Supply: 360
(Source: State of South Dakota June 2002)

Average Workforce Allocation (Non-farm Wage & Salaried Workers)

Total: 2,340
Construction & Mining: 75
Manufacturing: 290
Transportation & Public Utilities: 60
Trade: 460
Finance, Insurance & Real Estate: 80
Services: 615
Government: 760

Major Employers

Landman-Jungmann Memorial Hospital
POET Energy (Ethanol Production)
Schwan Food Company
Scotland, SD Good Samaritan Center (Long-Term Care & Assisted Living)
Scotland, SD School District

Location

Located on Hwy 25
4 miles N. of Hwy 46
12 miles N. of Hwy 50
6 miles S. of Hwy 18
30 miles from Yankton, SD
50 miles from Mitchell, SD
75 miles from Sioux Falls, SD
80 miles from Sioux City, IA

Rail

Burlington Northern Railroad runs through Scotland, SD and passes the industrial park

Air

Private airstrip
Yankton, SD - Chan Gurney Airport (30 miles)
Sioux Falls, SD - Joe Foss Regional Airport(75 miles)
Sioux City, IA - Sioux Gateway Airport (80 miles)

Utilities & Services

Water: B-Y Water with local service
Electric: Northwestern Public Service
Natural Gas: Northwestern Public Service
Solid Waste: City of Scotland, SD
Garbage Service: Myers Sanitation
Telephone: Golden West - set up for both telephone and updated data lines
Ambulance: Local EMTs with LJM Hospital
Fire: Scotland, SD Volunteer Fire Department (Protection Class 8)

Real Estate

Approximately 20 acre industrial park located on a truck route & serviced by it's own railroad spur.
Main Street retail space available for immediate occupancy or for renovation.
Main Street lots available for new construction.

Financing

District III: Planning and Development Organization available for business planning. Representatives are available to assist with everything from business plans to assistance with financial aspects of your business. City of Scotland, SD has paid the membership dues for this assistance.

Local SCORE Representative: Local member of SCORE (an organization of retired business people throughout the state) available to assist with, and a great reference for, business and financial planning.

Local Revolving Loan Fund: Low interest loans given by the Scotland, SD Development Corporation.

Scotland, SD Area Historical Society: Grant small amounts for the restoration of historical properties (Main Street properties qualify) and they are a great reference point for many other incentives when placing a business at a historical location. Such items may include, but are not limited to; grants, loans or tax credits.

Golden West: A $5,000 grant is given each year for projects which make or keep a job in Scotland, SD. Contact a Scotland, SD Area Chamber of Commerce member for more information.

Local Banking services are available